Stocks limped across the finish line before the Memorial Day break, with technology stocks pushing the major indexes to new highs. The S&P 500 gained just 0.03 percent on Friday but it was enough to mark the seventh consecutive rise for the leading U.S. stock market benchmark. That pretty much sums up the market dynamic of late: Small, consistent gains
driven by a mere handful of mega-cap tech stocks. You know the names: Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google parent company Alphabet (GOOG), collectively known as the “FAANGs.” The focus has become so intense it’s sucking the oxygen out of the rest of the market, causing investors to ignore some serious macroeconomic headwinds, and bringing back echoes of the late 1990s. READ MORE
